Iraq Economic News and Points To Ponder Saturday AM 6-8-24

Iraq Economic News and Points To Ponder Saturday AM 6-8-24

International Support To Remove Iraq From Corruption Indicators

Money  and business  Economy News – Baghdad  The United Nations Development Program announced that it will support Iraq in the field of combating corruption and enhancing integrity, with the aim of raising its ranking in the corruption indicators issued periodically, while the “Arab Network for Promoting Integrity and Anti-Corruption” recommended continuing work on developing and implementing coordinated and effective national strategies that enhance community participation and embody the principles of The rule of law, good management of public affairs and property, integrity, transparency and accountability.

At the conclusion of the regional meeting held in Baghdad from June 3 to 5, the network praised the relative progress achieved in terms of strengthening the participatory approach in developing public policies related to promoting integrity and combating corruption, calling on the concerned parties to deepen this approach and expand its scope.

The network, in its forum held under the slogan “Strengthening cooperation for effective national anti-corruption strategies” under the patronage of Prime Minister Muhammad Shiaa Al-Sudani, stressed the importance of adopting and implementing effective mechanisms to monitor, evaluate and follow up on the implementation of national strategies to enhance integrity and combat corruption, including appropriate indicators that combine productive indicators. Internationally and nationally produced indicators…

The network confirmed in its forum, in which 150 individuals representing 12 countries participated; Establishing proactive approaches to confronting corruption through capacity building and supporting initiatives that seek to fill the legislative vacuum in various fields and protect the drafting of legal texts from the risks of corruption.

It also called for expanding the approved approach regarding working to strengthen ethics and behavior in the public service to include the political, administrative and judicial fields, in addition to more specialized fields as needed.

For his part, Chief Advisor Arkan Al-Seblani, Director of the Regional Anti-Corruption Program at the United Nations Development Program (UNDP), said that “the voice must be loud and clear in the anti-corruption process,” noting that “the Arab Network for Promoting Integrity and Anti-Corruption is the platform Through which the voice of the Arab region emerges in this field, to send political and artistic messages concerned with this important topic.”

He added, “The conference formed 6 working groups to develop detailed visions for six teams based on establishing joint cooperation mechanisms between countries, developing training programs to overcome procedural obstacles and integrating integrity issues in the health, education, and public transportation sectors.”

He explained that “the United Nations Development Program will support Iraq in the field of combating corruption and enhancing integrity, with the aim of raising its ranking in the corruption indicators issued periodically.”   130 views  Added 06/08/2024 - https://economy-news.net/content.php?id=44104

Risks And Expected Solutions Regarding The Decision To Adjust The Estimated Price For Selling Crude Oil

Economy News – Baghdad  Researcher in finance and development affairs and academic Aqeel Jabr Ali Al-Muhammadawi

The decision to amend the estimated price for selling crude oil from the source contained in the planned federal general budget law from the price of $70 to the price of $80, which resulted in the addition of an amount of 17 trillion Iraqi dinars to cover the planned budget deficit for the year 2024;

It is a decision fraught with risks, the most prominent of which are the risks of unsustainability/or the risks of anticipating the failure of financing the federal budget, both operational and investment, resulting from the $10 budget price difference that was not planned in advance, as it generates risks of financial and economic instability in 2024.

We are not satisfied with the pessimistic vision, but rather we offer an optimistic vision and solutions, and among these logical and realistic solutions is the importance of returning to/and adopting the balanced or weighted budget price for the purpose of hedging against fluctuations in the cycle of oil assets on the stability of the revenues planned in the 2024 budget, including the risks of expectations of a decline in selling prices. Crude oil in global markets.

Modifying the estimated price for selling crude oil for the fiscal year ending 2023 from $70 to $80 is an unusual financial procedure that establishes unsystematic, non-pre-planned, professional financial foundations. If the feasibility of this change is achieved, the amendment should only be made for the years 2024 and 2025, with the exception of The year is 2023.

And the importance of devoting a new concept within the goals of the federal budget for the year 2024, which is the targeted deficit in addition to the planned deficit!!!   142 views  06/08/2024 - https://economy-news.net/content.php?id=44103

OIL PRICES FELL TO $79

Economy | 09:28 - 06/08/2024  Baghdad - Mawazine News  Crude oil futures recorded, at the end of trading yesterday, Friday, a third weekly loss in a row due to fears that demand may decline even with OPEC+ plans to increase production.

Brent crude futures settled at $79.62 per barrel, down 25 cents, or 0.31%, during Friday trading.

US crude futures contracts also recorded $75.53 per barrel at settlement, down two cents, or 0.03%, during Friday trading.

US crude oil and benchmark Brent crude saw selling off earlier in the week after OPEC+ members announced they would begin phasing out 2.2 million barrels of daily production cuts starting in October. Weak US manufacturing data and weak private payrolls also weighed on the market.

Oil prices have rebounded over the past two days on hopes that lower interest rates will boost demand, but the two benchmark crude oils are still down about 2% during the week.https://www.mawazin.net/Details.aspx?jimare=249337

Iraq's exports to America during a month amounted to more than 5 million barrels of oil

Saturday 08, June 2024 | Economical Number of readings: 153  Baghdad / NINA / The US Energy Information Administration announced that Iraq's oil exports to America amounted to more than 5 million barrels during the month of May.

The administration said in a statement: “Iraq exported 5.806 million barrels of crude oil to America during the month of May, with an average of 187 thousand barrels per day, lower than the month of April, in which Iraqi oil exports to America amounted to 8.866 million barrels and an average of 295 thousand barrels per day.” ".

She added: “Iraq exported 123 thousand barrels per day of crude oil to America during the first week of May, while 239 thousand barrels per day were exported in the second week, and 233 thousand barrels per day were exported in the third week,” indicating: “Exports in the fourth week amounted to 126 thousand barrels per day.

The US Energy Information Administration stated: “Iraq ranked fourth in its exports to America during the past month after Canada, Mexico, and Saudi Arabia, and ranked second in the Arab world after Saudi Arabia,” noting that “Canada ranked first as the country that exports the most oil to America, followed by Mexico and Saudi Arabia.”/  https://ninanews.com/Website/News/Details?key=1131381

Central Iraqi Sales Exceed One Billion Dollars In A Week

Saturday 08, June 2024 15:40 | Economical Number of readings: 122

Baghdad / NINA / The Central Bank of Iraq's total sales of hard currency to the dollar during the last week in which the auction opened amounted to more than one billion dollars.

During the past week and for the 5 days in which the auction was opened, the Central Bank sold 1 billion and 115 million 909 thousand and 967 dollars, at a daily rate of 231 million 181 thousand and 993 dollars, lower than what it recorded last week, which amounted to 1 billion 328 million 251 thousand and 675 dollars. 

The highest dollar sales were on Sunday, when sales amounted to 281 million, 584 thousand and 592 dollars, while the lowest sales were on Thursday, when sales amounted to 272 million, 066 thousand and 650 dollars.

Foreign remittance sales during the past week amounted to 1 billion 62 million 804 thousand 964 dollars, an increase of 91% compared to cash sales which amounted to 93 million 105 thousand dollars.

Sales in the form of cash and transfers abroad went to finance foreign trade, while the selling price of documentary credits and international settlements for electronic cards amounted to 1,310 dinars per dollar, and the selling price of transfers abroad amounted to 1,310 dinars per dollar, while the cash selling price reached 1,305 dinars per dollar./ https://ninanews.com/Website/News/Details?key=1131404

To read more current and reliable Iraqi news please visit :  https://www.bondladyscorner.com/

Provoking Thoughts and Points To Ponder On Adversity:

Some minds seem almost to create themselves, springing up under every disadvantage and working their solitary but irresistible way through a thousand obstacles. - Washington Irving

Every calamity is a spur and valuable hint.  - Ralph Waldo Emerson

Treasure the memories of past misfortunes; they constitute our bank of fortitude.  - Eric Hoffer

If you will call your troubles experiences, and remember that every experience develops some latent force within you, you will grow vigorous and happy, however adverse your circumstances may seem to be.  - John Heywood

http://famousquotesandauthors.com/topics/adversity_quotes.html

http://famousquotesandauthors.com/quotes_by_topic.html

“Tidbits From TNT” Saturday 6-8-2024

TNT:

CandyKisses:  The Office of the Supreme Reference determines the first day of Dhu al-Hijjah and the first day of Eid al-Adha

Information / Baghdad

The office of the Supreme Reference, Mr. Ali al-Sistani, announced today, Friday, that tomorrow, Saturday, is the first day of the month of Dhu al-Hijjah.

The office set Monday 17/6, the first day of Eid al-Adha

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Spec1:  Dhu al-Hijjah is the twelfth and final month in the Islamic calendar. It holds special significance for Muslims worldwide:

Hajj: During this month, Muslim pilgrims from around the world gather in Mecca to perform the Hajj (Pilgrimage). The Hajj rites begin on the eighth day and continue for four or five days.
Eid al-Adha: Also known as the “Festival of the Sacrifice,” Eid al-Adha begins on the tenth day of Dhu al-Hijjah and ends on the thirteenth day. It commemorates the willingness of Ibrahim (Abraham) to sacrifice his son Isma’il (Ishmael) for Allah.

Sacred Days: The first nine days of Dhu al-Hijjah are considered sacred. Muslims engage in acts of worship, including extra charity (Sadaqah), better prayers (Salaah), and recitation of the Qur’an.

Remember that Dhu al-Hijjah migrates throughout the seasons due to the lunar calendar. Its significance lies in the Hajj and the observance of Eid al-Adha
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During Dhu al-Hijjah, countries do not typically close down entirely. However, there are specific events and observances associated with this month:

Hajj Pilgrimage: Dhu al-Hijjah is the month when the Hajj pilgrimage takes place in Mecca, Saudi Arabia. Millions of Muslims from around the world participate in this annual pilgrimage.
Eid al-Adha: On the 10th day of Dhu al-Hijjah, Muslims celebrate Eid al-Adha (the Festival of Sacrifice).

It’s a significant holiday marked by communal prayers, feasting, and acts of charity.
Arafat Day: The ninth day of Dhu al-Hijjah, known as Arafat Day, is a key part of Hajj. Pilgrims gather at Mount Arafat for prayers and reflection.
While there are no widespread closures during the entire month, specific religious and cultural activities occur

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Tishwash:  Sudani arrives in Maysan to inaugurate projects

Shafaq News / Iraqi Prime Minister Mohammed Shia Sudanese arrived, Saturday morning, to Maysan province, south of the country.

His media office said in a statement, received by Shafaq News, that Al-Sudani inaugurated the associated gas processing project in the Halfaya field in Maysan province with a capacity of 300 million standard cubic feet / day.

On Saturday, Sudani is scheduled to visit the southern provinces of Maysan and Basra to inaugurate a number of oil projects, a government source told Shafaq News.

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CandyKisses:  Tomorrow.. Tripartite meeting between the Ministries of Federal Oil and Natural Resources in the Region and oil companies

 Baghdad / Nina / Sources in the oil companies operating in the Kurdistan region revealed that a tripartite meeting will be held tomorrow, Sunday, between the ministries of federal oil and natural resources in the region, and oil companies, to discuss the resumption of the export of oil in the Kurdistan region via the pipeline to Turkey.

A senior official in one of the oil companies operating in the Kurdistan Region told the Kurdish Rudaw Media Network on Saturday: "The oil companies have comments on the conditions of the Iraqi government to resume exports."

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Baghdad praises its financial budget and confirms: We have important projects in 2024

Economy News - Baghdad

Baghdad Governor Abdul Muttalib al-Alawi announced on Friday a package of projects in various sectors within the budget for the current year 2024, while stressing that the province's allocations in the budget were good.

Al-Alawi said that "the financial allocations for Baghdad province within the budget for the current year 2024 are good," explaining that "the government and the parliamentary finance committee have an understanding and knowledge of the real needs and resources required in Baghdad."

"There is continuous communication with the government to meet the special needs required for the projects that will be implemented," he said.

He pointed out that "the province has several important projects during the 2024 budget, including projects in the water sector, the construction of schools and roads, as well as the construction of pedestrian bridges that will be implemented in all areas of Baghdad, paving main roads, strategic sewage projects at the four entrances to the capital, in addition to almost completed hospitals that will open soon, health centers and strategic water projects."

"All project packages will be placed on the list of priorities of Baghdad province in stages of implementation, whether within the 2023 budget or the 2024 budget," he said.

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Mot I Finded Such Happy Things on da Net I Do!!! 

Mot:  ...... Have a Very 

News, Rumors and Opinions Saturday AM 6-8-2024

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 8 June 2024

Compiled Sat. 8 June 2024 12:01 am EST by Judy Byington

On Sun. 9 June 2024 Petrodollar Contracts expire and according to Janet Yellen, the US Government runs out of money, while 63 US banks will be declared insolvent, though the National Debt was strangely wiped out to zero on Fri. 7 June 2024.

Global Currency Reset: Rumors/Opinions

Fri. 7 June 2024 Wolverine: “Confirmation 100% that Brazil has started. Get ready for Reno on Mon. 10 June 2024.”

Fri. 7 June 2024 TNT Call: “The Iraqi budget is supposed to be recorded in the Gazette tomorrow Sat. 8 June, and the rate should appear by Sunday 9 June. The banks received instructions yesterday Thurs. 6 June.”

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Fri. 7 June Bank Issues:

BIG US Bank issue right now. AI has taken over the bank by internally overwriting internal loops and has locked out all permissions for anyone to unlock. Now they are afraid that money transfers are going to carry the AI to other banks like a virus.

A woman who is high up in US Bank said, “Bank employees took all their own money out this morning and everybody is being asked not to do electronic transfers of funds.”

TonyaK: “My husband is at the bank now. His payroll check and others from the EACS District are still in a pending status. The payroll is always deposited on Thursday. They are not wanting to release his money. He also has a huge check that was deposited nearly two weeks ago from the sale of a house and they show the money in his account but are refusing to release it. Something is going on.”

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Global Financial Crisis:

Fri. 7 June Goldilocks on the Digital Currency Project Announcement: Saudi Arabia joins China and UAE in digital currency project. The kingdom is joining the Switzerland-based Bank for International Settlements’ central bank digital currency platform.” Saudi Arabia is the latest country to join this multi-country initiative utilizing wCBDC as a form of payment. This announcement came on Wednesday as Saudi Arabia joined Project mBridge as a “full participant.”

This means that Saudi Arabia will be moving to a wCBDC payment regimen joining many countries in the Eastern half of our world in payments through local currencies. This will significantly minimize the use of the Petro Dollar if not completely over time. Currently, Saudi Arabia still services the United States along with China who uses the Petro Yuan to trade in oil agreements.

This will level the playing field a great deal in the use of currencies moving from a Petro Dollar regimen to wCBDC payment source. Remember, well over 80% of trade around the world is done on the water where exchange rate quotas and percentages are currently under pressure from new demands on local currencies to begin looking at resetting their prices.

WATCH THE WATER. © Goldilocks  https://www.al-monitor.com/originals/2024/06/saudi-arabia-joins-china-and-uae-digital-currency-project#ixzz8cNJfiONL   https://www.state.gov/u-s-relations-with-saudi-arabia/#:~:text=The%20United%20States%20is%20Saudi,oil%20to%20the%20U.S.%20market.

Fri. 7 June 2024 BRICS Nations join BIS, Banking System in Collapse: https://beforeitsnews.com/economy/2024/06/financial-system-alert-brics-nations-join-the-bis-seeking-a-digital-currency-banking-system-in-collapse-were-watching-the-system-come-apart-by-design-greg-mannarino-3112892.html

Read full post here:  https://dinarchronicles.com/2024/06/08/restored-republic-via-a-gcr-update-as-of-june-8-2024/

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Courtesy of Dinar Guru:  https://www.dinarguru.com/

Deepwoodz  They aren’t kicking the can. No one wants to approve the budget at 1300. That’s already been done. This vote has more than just some additions to it.  It’s an opportunity for everyone to be on the same page. The PM, the COM, the Parliament, and the CBI. The status quo is no longer an option. It’s almost time for the big reveal. Can’t you feel it?

Mnt Goat   As June is rolling on….  We have waited for this month for a long time to come. This month I believe is going to be a critical month for us investors...I had a very interesting conversation...call to Iraq. I was told by the committee that all is geared up for the Project to Delete the Zeros...I was told that if they can retain the stability between the Parallel Market rate and the Official CBI rate of the dollar that we could see the next “official” rate change that we have been waiting for some time in JUNE...WOW! ...Nothing is certain on any dates because it is all dependent on the market and what it brings. They cannot predict this. But...my contact in the CBI did sound optimistic and that something BIG could or is about to happen and happen much sooner than later...

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ALERT! BRICS Nations Join The BIS, Seeking A DIGITAL CURRENCY!   Banking System IN COLLAPSE.

Greg Mannarino:

https://www.youtube.com/watch?v=-ZaaS6JxcZ8

The FED Admits the TRUTH, You Better Get Ready For This

Atlantis Report:  6-8-2024

The Federal Reserve has been dropping hints about a major decision that’s coming. Here's what's happening: the FED finally admits the truth on their plan for lowering interest rates.

That's right, they're considering making borrowing money easier. But why? And what does this mean for us? The Federal Reserve has recently made some significant admissions that are sending ripples through the financial world.

 The Federal Reserve governors are expressing concerns about inflation and interest rates. They are considering lowering interest rates due to worries about prolonged inflation.

This is based on recent data from the Fed's meetings and market expectations.

https://www.youtube.com/watch?v=guJaSxyxORg

Iraq Economic News and Points To Ponder Late Friday Evening 6-7-24

Iraq Economic News and Points To Ponder Late Friday Evening 6-7-24

In Numbers: The Decline In The Value Of The Reserves Of The Central Bank Of Iraq

 Economy | Yesterday, 16:10 |  Baghdad Today – Baghdad   Economic researcher Manar Al-Obaidi revealed today, Friday (June 7, 2024), a decline in the value of the Central Bank of Iraq’s total foreign reserves by 2.4%.

 Al-Obaidi said in a statement, received by “Baghdad Today,” that  “the official reserves of the Central Bank of Iraq declined in the fifth month of the current year compared to the end of 2023 by 2.4%, so that the value of the official reserves decreased from 147 trillion dinars in 2023 to reach 143 trillion at the end of the fifth month of the year.” current". 

He pointed out that  "the Central Bank's gold reserves increased by 16% compared to 2023, bringing the value of the gold reserves to 14.3 trillion dinars, up from 2023, when the value of the gold reserves at the end of last year was 12.3 trillion dinars." 

 Al-Obaidi added, "As for the investment reserve, it decreased by 4.68% compared to the end of 2023, and its value this year reached 126.4 trillion dinars, after  it was at the end of last year at a value of 132.6 trillion dinars."   

 https://baghdadtoday.news/251067-بالأرقام.-تراجع-قيمة-احتياطيات-البنك-المركزي-العراقي.html    

OPEC Plus Assurances Raise Global Oil Prices

Economy | 09:34 - 06/07/2024   Follow - Mawazine News  Oil prices rose today, Friday, as assurances from OPEC Plus members Saudi Arabia and Russia indicated readiness to halt or cancel production increases, but the markets are heading towards incurring losses for the third week in a row.

Brent crude futures rose two cents to $79.89 per barrel, and US West Texas Intermediate crude futures rose four cents to $75.59.

Prices rose yesterday, Thursday, when Saudi Arabia and Russia tried to reassure the markets about production agreements, but oil is on its way to recording losses for the third week in a row.

The Organization of the Petroleum Exporting Countries and its allies, including Russia, agreed to extend most of the production cuts until 2025, but they left the way open for eight members to gradually cancel the voluntary cuts.

Saudi Energy Minister Prince Abdulaziz bin Salman said yesterday, Thursday, that the OPEC+ alliance can stop or cancel production increases if it finds that the market is not strong enough.

https://www.mawazin.net/Details.aspx?jimare=249292

An Economic Expert For Nina: Reducing The External Debt To 9 Billion Dollars And Reducing The Budget Deficit Will Be The Beginning Of Broader Economic Activities In Iraq.

Friday 07, June 2024 14:11 | Economical Number of readings: 377  Baghdad / NINA / Economic affairs expert, Raad Tawij, confirmed that the actions and achievements of the Prime Minister give flexibility to the Iraqi economy, indicating that reducing the external debt to 9 billion dollars and reducing the budget deficit to 63 billion dollars will be the beginning of broader economic activities.

Tawij said in a statement to the National Iraqi News Agency ( NINA ): “The role of the Prime Minister and his work in developing infrastructure, roads and bridges, health projects, productive diplomatic relations, and his interests in communicating with different social segments, give great scope and flexibility for the Iraqi economy to move to greater extents.”

He stressed . “Reducing the external debt to the lowest possible amount, approximately 9 billion dollars, and reducing the budget deficit to 63 billion dollars will be the beginning of broader economic activities, the most important of which is the road to development.”/  https://ninanews.com/Website/News/Details?Key=1131180

A "Strategic Partnership" Between The Kurdistan Government And The International Development Bank

Time: 06/07/2024 13:59:06 Read: 1,196 times  {Economic: Al-Furat News} The International Development Bank signed a partnership contract with the Kurdistan Regional Government to implement the “My Account” project, which aims to localize the salaries of regional government employees.

This important step came in conjunction with the bank’s efforts to expand in the region, as part of its strategic plan that aims to enhance its business and increase the number of its branches in the region, which currently number 3 branches.

This partnership is a major achievement within the framework of efforts aimed at spreading and strengthening the culture of electronic payment and achieving financial inclusion, in implementation of the directives of the Central Bank of Iraq.

The International Development Bank aims to continue its efforts in the field of disseminating electronic payment methods in the region, by activating more ATMs and the bank’s POS points of sale. The bank also intends to open its fourth branch in the region during the current year.

Aziz Ahmed - Deputy Director of the Office of the Prime Minister of the Kurdistan Regional Government praised the efforts of the International Development Bank and its contribution to developing the financial system of the region, by providing various facilities and financial services that contribute to achieving this purpose.

For his part, Ziad Khalaf, Chairman of the Board of Directors of the International Development Bank, stressed the importance of signing this partnership with the Kurdistan Regional Government to localize the salaries of regional government employees and provide all the facilities that contribute to achieving this goal smoothly and with great flexibility.    LINK

Baghdad Praises Its Financial Budget And Confirms: We Have Important Projects In 2024

Reconstruction and building  Economy News – Baghdad  Today, Friday, the Governor of Baghdad, Abdul Muttalib Al-Alawi, announced a package of projects in various sectors within the budget for the current year 2024, while confirming that the governorate’s allocations in the budget were good.

Al-Alawi said, “The financial allocations to Baghdad Governorate within the current year’s budget, 2024, are good,” explaining that “the government and the Parliamentary Finance Committee have an understanding and knowledge of the real needs and required resources in Baghdad.”

He added, "There is continuous communication with the government to meet the special needs required for the projects that will be implemented."

He pointed out that "the governorate has several important projects during the 2024 budget, including projects in the water sector and building schools and roads, as well as the construction of pedestrian bridges that will be implemented in all areas of Baghdad, the paving of main roads, and strategic projects for sewers at the four entrances to the capital, in addition to the almost completed hospitals, which are “Health centers and strategic water projects will be opened soon.”

He stressed that "all project packages will be placed on the list of priorities of Baghdad Governorate in stages of implementation, whether within last year's 2023 budget or in the 2024 budget."

140 views  Added 06/07/2024 - https://economy-news.net/content.php?id=44096

To read more current and reliable Iraqi news please visit :  https://www.bondladyscorner.com/

Provoking Thoughts and Points To Ponder On Adversity:

Every failure made me more confident. Because I wanted even more to achieve things, as revenge. To show that I could.  - Roman Polanski

Adversity is, to me at least, a tonic and a bracer.  - Sir Walter Scott

Difficulties should act as a tonic. They should spur us to greater exertion.  - B. C. Forbes

There are times in everyone's life when something constructive is born out of adversity ... when things seem so bad that you've got to grab your fate by the shoulders and shake it.  - Anonymous

Brave men rejoice in adversity, just as brave soldiers triumph in war.  - Marcus Annaeus Seneca

http://famousquotesandauthors.com/topics/adversity_quotes.html

http://famousquotesandauthors.com/quotes_by_topic.html

MilitiaMan: Iraq Dinar-IQD Update-PM Al-Sudani-Digital Payments-AMF-High Quality Currency-Increase Gold Reserves

Iraq Dinar-IQD Update-PM Al-Sudani-Digital Payments-AMF-High Quality Currency-Increase Gold Reserves

MilitiaMan and Crew:  6-7-2024

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=_ob8qen9kE4

KTFA Fri. Night CC: “FRANK26…..6-7-24…….I LIKE THINGS IN THREES”

KTFA

Friday Night Conference Call

FRANK26…..6-7-24…….I LIKE THINGS IN THREES

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

https://www.youtube.com/watch?v=Vb-MMHIQtPM

Goldilocks' Comments and Global Economic News Friday Evening 6-7-24

Goldilocks' Comments and Global Economic News Friday Evening 6-7-24

Good Evening Dinar Recaps,

Family Office Update: Exchange Act Form 13F – New Requirements Effective July 1, 2024

In a nutshell, Section 13(f) requires any “institutional  investment manager” that exercises investment discretion  over the accounts of any other person holding “section  13(f) securities”3 with an aggregate fair market value of at least US$100 million to make certain periodic filings with  the Securities and Exchange Commission (SEC) on Form  13F. Section 13(f) applies to all “institutional investment   managers,” regardless of whether they are registered as  investment advisers under the Advisers Act.

Therefore,  a family office, even if it is not required to register under  the Advisers Act, may nevertheless be an “institutional  investment manager” for purposes of Section 13(f), and  therefore be required to make filings on Form 13F.

Reporting obligation that will become effective on July 1,  2024. Each Form 13F filer will now be required to make an  annual filing on Form N-PX to disclose its votes on any pay-related proposals presented to stockholders by the public  companies in its investment portfolio.

Although Form 13F only requires reporting in respect  of “section 13(f) securities” (as identified on the SEC’s  quarterly Form 13F List), Form N-PX reporting is not limited to  securities on that list, but it applies to pay-related votes cast on  all securities registered under Section 12 of the Exchange Act.

Family offices that are required to file Form 13F will need  to develop procedures to identify and keep a record of any  pay-related proposals that are presented at their portfolio  companies’ stockholder meetings – and how they cast their  votes – so that they will be able to make accurate and timely  filings of Form N-PX, which must be made annually by August  31 of each year, covering the filer’s say-on-pay voting record  9+ for the 12-month period ended June 30.

Form N-PX filings will be available to the public through the SEC’s website.  Squire Patton Boggs  SEC

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Model Portfolios by J.P. Morgan. | J P Mprgan

Asset Managers will play a larger role in the new banking system offering you new opportunities going forward.

Several portfolio options have changed that include Digital Asset opportunities explored and powered by artificial intelligence guidance.

Many of our new portfolios will include artificial intelligence guidance that outlines a path forward for investors depending on their personal needs.

The ability to invest in Quantum Technologies will offer higher yield percentage rates for those who invest in the new technical sciences.

Digital Asset opportunities that move through the market/banking system will be available for those who want to use the new and improved updated tokenized asset market to invest in Bitcoin and other assets without the responsibility of holding the coins themselves.

The new banking system is run off of a Digital Ledger Technological System. Because of these changes, artificial intelligence will play a larger role in the banking system than before. You may see less workers in a bank and more personal wealth managers known as relationship managers.

It is important for us to know and be known by our relationship managers in the banking system going forward to receive personal guidance that we once received in other ways in the past.

© Goldilocks

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IBM and Pasqal Initiate Collaboration to Define Classical-Quantum Integration for Quantum-Centric Supercomputers |  The Quantum Insider

IBM and Pasqal announced their intent to partner to develop a common approach to quantum-centric supercomputing.

The teams will also promote application research in chemistry and materials science.

The two companies share the vision for a common approach to integration based on open-source software and involvement in the technical community.

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Quantum startup Pasqal partners with US competitor IBM to develop ‘quantum-centric supercomputing’  |  Sifted

"Paris-based quantum computing startup Pasqal is joining forces with US tech giant IBM to work on technologies that combine the capabilities of quantum and conventional computers.

The two companies are usually portrayed as competitors: Pasqal is one of Europe’s best-funded startups building quantum computers, while IBM has poured billions into the technology and is considered a leader in the sector. 

But they are now set to collaborate to develop what is known as ‘quantum-centric supercomputing’ — a term coined by IBM to describe the integration of quantum and conventional computations within a single workflow to make the most of what each technology is best at."

In other words, traditional computers of the past are joining forces with the quantum computers of the future. You could say that the computer industry is getting an upgrade.

It is very similar to what is happening inside the new Digital Financial System. Traditional Banking is being upgraded into a new Digital Asset Based Trading System.

It is amazing how our lives are changing so rapidly at this point. The movement into a technological creative age has just begun.

© Goldilocks

~~~~~~~~~

IOTA has launched its L2 EVM network focusing on real-world asset usage | CoinJournal

IOTA launches layer 2 EVM or Ethereum Virtual Machine network, integrating real-world assets and boosting DeFi.

The newly launched EVM network features smart contracts, cross-chain capabilities, and MEV or Price manipulation protection."

IOTA is the first distributed ledger built for the “Internet of Everything.” it is a network for exchanging value and data between humans and machines.

This digital network exchanges value assets on just about anything you can think of that is tokenized. This includes just about any goods and services products you can think of going forward.

Iota is the backbone of Web 3 decentralized transactions. It records data transfers on items of value between institutions and people.

This network is designed to build digital trust between monetary transactions in the new technological age.

© Goldilocks

~~~~~~~~~

Technology and Gold are merging together forming new alliances/digital networks that move money electronically enabling standard digital protocols for tokenized assets and their payment systems governed by artificial intelligence.

© Goldilocks

~~~~~~~~~

Institutional Investor: Who They Are and How They Invest | Investopedia

An institutional investor is a company or organization that invests money on behalf of clients or members.

Hedge funds, mutual funds, and endowments are examples of institutional investors.

Institutional investors are considered savvier than the average investor and are often subject to less regulatory oversight.

The buying and selling of large positions by institutional investors can create supply and demand imbalances that result in sudden price moves in stocks, bonds, or other assets.

Institutional investors are the big fish on Wall Street.

~~~~~~~~~

Bretton Woods Project IMF Reforms Announcement | Bretton Woods Project

After long awaited negotiations, the IMF concluded its 16th General Review of Quotas with no meaningful reform to shift the balance of power in favour of emerging economies to ensure a more accurate representation of countries in the global economy. 

This reform agenda would include the following points:

* Reform of conditionality to make it more flexible;

* A reduction in the costly surcharges applied to large and longer-term lending;

* A bolstering of concessional financing for low-income members;

* An increase in the overall resources available to the Fund by making the future roll-back of borrowing lower than the quota increase approved in December 2023;

* A higher proportion of basic votes to increase the voting power of smaller nations;

* A third chair for Sub-Saharan African countries in the executive board;

* A fifth deputy managing director position to ensure a greater presence of middle- and low-income in the IMF’s administration.

~~~~~~~~~

#VinceLanci : #BRICS mBridge Platform Goes Live | Youtube

~~~~~~~~~

LIVE: White House Riot fences going up late in the evening. | Youtube

~~~~~~~~~

~~~~~~~~~

XLM, XRP, and XDC are utility tokens. Utility tokens are backed by a physical asset.  

10 cents, 49 cents, and 3 cents a coin are not bad prices for precious metals.  😉

© Goldilocks

~~~~~~~~~

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Thank you Dinar Recaps

“Enough Talk... Let's See Some Action!” by Dr. Dinar

From Recaps Archives

Thank you Dr. Dinar!!!

Enough Talk... Let's See Some Action! by Dr. Dinar

I don't know about you but I'm pretty much done.

To the point where I'm done hearing it's done.

As in everything's done.

Done... duh duh duh DONE!

Like, really done.

Done to the point where there's nothing left to do.

Nothing left to do because it truly is done.

That's definitely closer to my definition of the word done.

Admittedly, I like everything I eat to be well done.

Even to the point of refusing to eat Sushi unless it's well done.

So, perhaps I'm a bit more demanding when it comes to the true definition of the word done.

Nevertheless, it shouldn't be all that difficult to determine the difference between done and close to done but not actually done, therefore it's not done.

First place to start might be with the persistent rumors continually permeating all throughout Dinarland.

Rumors of everything being done.

How long have we been hearing that.

Seems to me, according to my Dinarland calendar, it's been done for at least the last two years.

And yet, here we are.

Not done.

Would we be hearing all these rumors if indeed everything truly were done?

Not likely.

On second thought, we might still be drowning in rumors but chances are they'd have a more post-process, after the GCR kind of feel to them as opposed to the same ol' this is our week or it's gonna pop this Saturday night or we're only expecting to do one more call, our Celebration call kinda rumors.

So please, don't get me wrong.

I'm not expecting Dinarland to go completely rumorless overnight.

i mean, let's not get crazy here.

But wouldn't it be nice to hear a different batch of rumors for a change.

An extremely welcome change to say the least.

Well, I for one would certainly love it anyway.

Even better yet, I'd enjoy seeing that it's done based solely on the number of zero's in my bank account.

That's the kind of proof I'd enjoy seeing.

As it is now I'm still unable to make a trip through the In-N-Out drive thru and order a Double Double with grilled onions, well done, and have any means of paying for it when it's done cookin', all wrapped up and ready for release.

Until that day comes, it's still not done.

And while I'm on the subject of phrases I can hardly wait to never hear again, let's start with it CAN happen today.

Sheesh, give it a rest.

As far as I'm concerned it could've happened any day over the past one thousand days.

Yes, I'm more than aware that they needed to reinvent the current banking system to accept the GCR formula as well as numerous other changes required to release the GCR.

But you get my drift.

Enough with the talk.

I'm ready for some action.

I want to know it WILL happen!

As in today.

Or any other day ending in "y".

Even better yet, I'd love to hear that IT HAS HAPPENED!

As in past tense, check your emails, make your appointment, grab your "To Go" bag and get to the Exchange Center ASAP!

Is that too much to ask.

Just a factual confirmation of completion, in whatever form it comes.

Be it an email, a barrage of posts all throughout Dinarland or a Piper Cub draggin' a giant banner across the sky with a 1-800-CALLNOW number plastered on it.

At this point, I'm not about to be picky.

I'm open to most any form of communication.

Make it a fortune cookie.

Why not a clever saying on a Starbucks cup.

Heck, at this point I'll settle for a homing pigeon with a Post-it note taped to its leg.

What I'm trying to say is I'm flexible.

Whatever it takes, just send me a for real signal of this thing having reached the end of the line.

Of actually reaching a conclusion.

Actually being concluded.

As in DONE.

Talk is cheap.

No more rumors.

We don't need any more stinkin' rumors, regardless of whose super secret source supplies 'em.

We need action.

Action, leading to results.

Results resulting in our receiving our exchange instructions.

I've pretty much had enough of the boy crying wolf.

To the point where I'm ready to sic the wolf on him and let him eat, just to get the kid to shut up.

As I mentioned earlier, enough already.

We've lived through the rumor stage of this adventure for far too long.

It's time to begin the action phase.

As we've always been told, actions speak louder than rumors.

And after all, isn't that exactly what a rumor is.

A bunch of words lined up in the form of a sentence, completely void of all action.

In other words, just words.

And words don't pay the bills.

So to whomever it may be that's supposedly working feverishly on completing the GCR, forever claiming we're close, please feel free to call it "close enough" and dispatch the "GO" email ASAP!

And to those out there rumored to still be throwin' wrenches, please feel free to close the lid on your toolboxes and call it a day.

You have to know when enough is enough.

And let's face it, enough is enough.

We all know this GCR thing is going to happen eventually, the rest of the world has committed to it.

Why not do the right thing by all involved and go ahead and release it.

Then we can all move on to something much more interesting.

Like life beyond Dinarland.

Hang in there folks.

According to the latest rumors, we're right on top of this thing and it has to happen soon.

If not, the entire global economy will crash.

And supposedly they don't want that to happen.

Or do they.

Who knows what they want.

Who even knows who "they" are.

Chances are they don't even know who they are, nor what they want.

Maybe that's why they can't seem to get anything accomplished.

They have no idea what it is they're supposed to be doing.

This thing is so compartmentalized that they forgot to create the "GO Signal"  Department.

At this point, anything's possible.

Anyway, don't let the rumors get you down.

Just do your best to hang in there, no matter what it takes.

Kindly,

Dr. Dinar

Disclaimer; I'm not a Wealth Manager, Financial Advisor, CPA, Tax Attorney, RV/GCR Committee member, a Federale of the Spanish Mounted Police, nor am I in search of the treasure of the Sierra Madre. I'm simply someone that chooses to believe in the power of positive thinking and on the odd chance this thing truly is real, I want to make sure I'm there at the finish line to enjoy it.

More News, Rumors and Opinions Friday Afternoon 6-7-2024

Ariel :what’s happening

Anyway aside from this whatever news we have something noteworthy coming up. The end of the Petrodollar on June 9th. Which means the chickens will come home to roost. Because all transactions will be dealt with through oil contracts in national currency. 

This will empower Iraq to denominate all contracts or trade deals in their currency. Which will raise the value significantly. Remember once we are officially on the gild standard the National Dept will be on the fiat USD. 

Not the new US Treasury Bills. But even without that we still have 45 states that made gold/silver legal tender exempt from any taxes. This is documented.

So whatever is going on with the National Debt will be for the old regime. That's not our money. We will phase those old Federal Reserve notes out for new currency eventually.

*************

Courtesy of Dinar Guru:  https://www.dinarguru.com/

Militia Man  Article:  "The Iraqi budget is moving toward 'publishing and disbursing' without presidential approval"  There is no need for the President to approve the budget schedules, as the Budget law was passed in June 2023. When it was approved then it allowed for the Government to amend the budget. The HoR gets to distribute the operational and investment expenses, allocations, and financial dues to ministries, institutions, bodies and government agencies in addition to disbursing to the governorates' dues that are specified in the budget tables.

Frank26   [Iraq boots-on-the-ground report]   FIREFLY:  Television is showing Sudani is asking questions about 57 trillion that was left over from the '23 budget and nobody seems to know where this money is...There is no end to the corruption.  Obviously, our leader Sudani is protecting the monetary reform by not exposing the new exchange rate to these bad people.  FRANK:  57 trillion dinars is missing from the budget of '23?  ...Let's pray that he can find that money because if I was Sudani I'm not going to release any exchange rate.  I'm not going to do anything with the contracts.

************

KTFA:

Carey:  The 57 trillion missing does not bother me. Sudani is a very smart man and I believe he has known about this for some while. And I am not concerned about this
happening again due to the banking reforms and electronic payment structure in place. Every dinar will be accounted for going forward.

But I believe he made it public to let them (parliament) know that he (Sudani) knows what's been going on and that he will hold them accountable for what has taken place. I am still very excited about what is happening.

************

Clare: Baghdad praises its financial budget and confirms: We have important projects in 2024

6/6/2024    Baghdad

Today, Friday, the Governor of Baghdad, Abdul Muttalib Al-Alawi, announced a package of projects in various sectors within the budget for the current year 2024, while confirming that the governorate’s allocations in the budget were good.

Al-Alawi said, “The financial allocations to Baghdad Governorate within the current year’s budget, 2024, are good,” explaining that “the government and the Parliamentary Finance Committee have an understanding and knowledge of the real needs and required resources in Baghdad.”

He added, "There is continuous communication with the government to meet the special needs required for the projects that will be implemented."

He pointed out that "the governorate has several important projects during the 2024 budget, including projects in the water sector and building schools and roads, as well as the construction of pedestrian bridges that will be implemented in all areas of Baghdad, the paving of main roads, and strategic projects for sewers at the four entrances to the capital, in addition to the almost completed hospitals, which are “Health centers and strategic water projects will be opened soon.”

He stressed that "all project packages will be placed on the list of priorities of Baghdad Governorate in stages of implementation, whether within last year's 2023 budget or in the 2024 budget."   LINK

************

Saudi Arabia Joins China-Led Digital Currency System As Russia Welcomes Turkey To BRICS

Dean Foo:  6-7-2024

In a big update, Saudi Arabia just joined the BIS & China's new digital currency project, mBridge.

This is a signal that de-dollarization is accelerating and a new financial system outside the West is building fast.

Meanwhile, Russia is welcoming Turkey's desire to join BRICS. This is historic because a NATO member wants to join the Global South, another big risk to the dollar

 Here's what you must know.

Timestamps & Chapters:

0:00 Saudi Joins China's Currency System

3:01 A New Financial System Rising

 5:39 China's Anti-Dollar Strategy

 8:40 Turkey Wants To Join BRICS

 11:08 De-Dollarization Escalates

https://www.youtube.com/watch?v=xOfW2M8maIg

The Financial Reset Feat. Bill Holter

The Financial Reset Feat. Bill Holter - LFTV Ep 176

Kinesis Money:  6-7-2024

In this week’s episode of Live from the Vault Andrew Maguire is joined by popular returning guest Bill Holter, former stockbroker and branch manager turned precious metals expert and Miles Franklin contributor.

The old friends discuss the shadowy movements operating behind the scenes to reset the world’s financial system, and how individuals can take steps to protect themselves and their families from coming troubles.

Timestamps

 00:00  Start

 02:35  How Bill is preparing himself for the future

 06:45 What’s been going wrong for the Fed since 2008

11:10 The BRICS Alliance threat to the globalist agenda

 16:50 The upcoming US election

20:45 Is the West pushing for World War 3?

25:30 How to take responsibility for ourselves in these times

 30:00 The Sound Money Movement

 34:30 Silver leading the rally

 40:45 Are there still opportunities for people? Yes

 43:00 What about Bitcoin?

https://www.youtube.com/watch?v=w_5A3BdUbQQ

Bruce’s Big Call Dinar Intel Thursday Night 6-6-24

Bruce’s Big Call Dinar Intel Thursday Night  6-6-24

Transcribed By WiserNow Emailed To Recaps

Welcome everybody to the big call tonight. It is Thursday, June 6TH and you’re listening to the big call. Congratulations everyone out in big call universe that’s getting this call through the Starlink satellite system, because we are piggybacked on that. And the estimated number of participants that would hear this call tonight was estimated at 25,000,000 - 25 million.  So that’s a good number Let's hope we get that many that actually hear it, either in English or their own language. And usually it happens that we're simultaneously translated into their language three seconds after I speak it. So that's pretty quick – that’s  working along nicely.

So let's do this, you guys. Let me first of all, welcome everybody to the call tonight.  I hope everybody is doing well and looking forward to a change with our plan B, and I'm looking forward to it, so I'll have something to say about that in my segment. In the meantime, let's go ahead and pray the call in –

All right, let's talk a little bit about where we are from an Intel point of view. Now as you guys remember from Tuesday nights call – there’s always something and something will change  - and that’s kind of what we had  Tuesday night. We're talking about Iraq putting their budget, 20 24 budget in the gazette  yesterday, Wednesday. And of course, I thought that would be the case. Then I get a call  right after the big call Tuesday night.  Telling me – well - Sorry, what about we play until Saturday?

So that's what two days from now, and we put in the Gazette, and that way everybody in the Middle East will see the budget, see the rate of the Dinar in the budget, especially, it's going to be out and open. We're also hearing that June 8. As you guys know, eighth is a big number for Iraq, but also  China -- they love that. They love to see that rate. It's a number that means financial prosperity and new beginnings, and it's going to be that for us too.

So the RV itself is going to start on Saturday the 8th , and the funds that we are having moving around for our accounts and the bond holders are moving on Sunday in the right locations for that.

Now what’s Interesting is bondholders. Some of them are seeing emails already and have told they should have access to their account. But it looks like – unless there is an change.  It looks like we're going on a modified shotgun start with bondholders getting their funds, access to their funds on Monday morning, and we should get access to our funds as early as Monday morning based on how soon we set our appointments, and what I'm being told is first appointments would start as early as 10:30 in the morning, 10:30am on Monday.

But in order for that to happen, we need to get notified by email  from Wells Fargo, and this could be Sunday night. We could get them overnight Sunday we could wake up to them Monday morning, that's very possible, and then we're able to read the email and go ahead and call and set our appointments accordingly - 

So even though it's not going to be exactly the shotgun start - It's going to be close as bond holders  should have access to their funds Monday morning, at 10:30 in the morning, we should have access to our funds when we set our appointments to go in for our exchanges of our currency and our redemption of zim -- All of that is lined up to start as early as 10:30 in the morning on Monday -  which is the earliest  start we've ever had for anticipation of exchanges – So that will be really good  for us.

Otherwise, we'll get our numbers and we'll set the appointment for sometime Monday. Could be Monday, Monday evening, whatever. But it looks like the funds that are going to be needed for our accounts are going to be moved around on Sunday.

Same thing for the bondholders, all the funds they put in place on Sunday, and then they have access to it their email to say, 1030 in the morning on Monday, you can have access to your account .

So that's what we anticipate for tier three bond holders, and for us, we're expected to be notified, maybe overnight Sunday, maybe wake up to it Monday morning. Go ahead and set your appointment and then go into Exchange based on your availability and schedule on Monday or Monday afternoon

So that's what I'm looking forward to doing. We know that rates are still climbing and moving in the right direction. We know that the banks are ready for us. There is a quote, unquote cap, which is not there is a limit on the Iraqi Dinar contract rate, and I think they'll offer us that rate –

 If not, you should ask for that rate. And it's substantial, it's a lot, so I'm going to ask for it. My Dinar - I don't really don’t have too much on the table -  even if you're a zoom holder, even if you have blah blah blah – you’re going to be able to ask for a nice contract rate Vn Dong, but I believe you'll be able to negotiate that rate upwards a little bit, for what they first offer you  so be aware of that.

I wish I could go over the rates with you and take that I'm really not supposed to. So all I can say is it would be good to navigate that with the person at the redemption  center and  see what you can come up with as a viable rate to exchange to.

Be ready for very early this week, whether it be Saturday, Sunday, I don't think so, but I believe Monday is the day that we're supposed to really look at those emails and get notified, set our appointment and go what I wanted to brief you guys tonight. It was different than Tuesday nights, until I think it's going to be good for us to pay attention and take advantage of that.

But let's do this. Let's continue to believe for this. Let's pray for it, and let's pray for each other's healing

Let's pray now, Lord God, thank you for the the information we received tonight from Sue and Bob, everything that we learned on the call. Thank you for coming in everything that we're continuing to get. Thank you for everything that's been happening our lives. Thank you for the additional information that's coming in. Thank you for making this manifest to us. On Monday, we would get numbers and be able to set our appointments on Monday, because of Jesus name we pray.

Bruce’s Big Call Dinar Intel Thursday Night 6-6-24   REPLAY LINK   Intel Begins   50:20

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHKjC

Bruce’s Big Call Dinar Intel Tuesday Night 6-4-24   REPLAY LINK   Intel Begins   56:00

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHKab

Bruce’s Big Call Dinar Intel Thursday Night 5-30-24   REPLAY LINK   Intel Begins   1:04:40

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHvs0

Bruce’s Big Call Dinar Intel Tuesday Night 5-28-24   REPLAY LINK   Intel Begins   1:08:00

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Bruce’s Big Call Dinar Intel Thursday Night 5-16-24   REPLAY LINK   Intel Begins   1:09:09

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Bruce’s Big Call Dinar Intel Tuesday Night 5-21-24   REPLAY LINK   Intel Begins   1:05:15

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Bruce’s Big Call Dinar Intel Thursday Night 5-16-24   REPLAY LINK   Intel Begins   1:13:23

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHvHz

Bruce’s Big Call Dinar Intel Tuesday Night 5-14-24   REPLAY LINK   Intel Begins   1:10:00

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Bruce’s Big Call Dinar Intel Thursday Night 5-9-24   REPLAY LINK   Intel Begins   51:51

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Bruce’s Big Call Dinar Intel Tuesday Night 5-7-24   REPLAY LINK   Intel Begins   1:05:15

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHJti

5 Common Emergency Expenses — And How Much They Cost on Average

5 Common Emergency Expenses — And How Much They Cost on Average

Cindy Lamothe    GoBanking Rates  Fri, June 7, 2024

One thing in life is certain: things are unpredictable unimaginable ways. While you can’t know what the future holds, you can plan for it. Because being unprepared can drain your emergency fund empty and leave you in the poor house.

“If your car breaks down, the cost to fix it can vary greatly,” said Melanie Musson, a finance expert with Clearsurance. “If you have a flat tire, you may need to replace all your tires, which will cost about $600 or more. However, you can expect to pay $2,000 or more for a replacement if your transmission goes. A new radiator will cost around $1,000. If you need a new battery, you have an easy fix for about $100.”

Justin Godur, financial expert and CEO of Capital Max, says understanding these common emergency expenses and their potential impact on your finances is essential for effective financial planning.

“By anticipating these costs and preparing accordingly, you can protect your financial well-being and avoid significant stress during emergencies.”

Below, experts outline exactly how much some of these common emergency expenses will cost you on average.

Car Breakdown

“A car breakdown is one of the most frequent and costly emergency expenses,” Godur said. “The average cost for a major car repair, such as a transmission or engine replacement, can range from $3,000 to $7,000.”

He says even minor repairs, like fixing a brake system or replacing a fuel pump, can cost between $300 to $1,000.

“Regular maintenance and an emergency savings fund can help mitigate these unexpected costs,” Godur said.

Job Loss

According to experts, losing a job is a significant financial shock.

“The average duration of unemployment in the U.S. is about 22 weeks, during which time individuals need to cover living expenses without a steady income,” Godur said.

Musson notes the same.

“If you lose your job and are eligible for unemployment, you can expect to lose half of what you were making,” Musson said. “Unemployment services are a nightmare to work through in many parts of the country, so you can expect to have a lag time of several months, during which time you’ll have no income. So, if you were making $5,000 a month, in a best-case scenario, you’d lose $2,500 a month, and in a worst-case scenario, you’d lose $5,000 a month.”

Godur says that depending on your lifestyle and location, this could mean needing between $10,000 to $20,000 to stay afloat.

“Building an emergency fund with three to six months’ worth of expenses is crucial to weather such storms.”

To Read  More:

https://www.yahoo.com/finance/news/5-common-emergency-expenses-much-140111547.html

“Coffee With MarkZ” Friday Morning Chat 6-7-2024

Thank you MarkZ for all your time, and encouragement daily….. PDK

MarkZ  Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member; Another Friday already….the weeks sure fly by

Member: Looking forward to not being here with everyone post RV- no offense…lol

Membeer: What is the good word today Mark??

Member: Is this our month?

MZ: I really do think IIt’s our month….The information I am getting from anybody on the bond side is overwhelmingly positive. The only thing that would make me happier is for the key friends Ithat have boxes of bonds to  say “I’m paid” lets go!!!…..That’s when I will get giddy.

MZ: I have 3 “giddies “left in me. 1-They get paid…2. CMKX gets paid and 3. We get paid……So giddy, then giddier, then giddiest….

MZ: A lot of bond folks are positioned to go the first of next week. They think this is really it. I’m praying this is really it for them. We are about to find out soon. .

Member: Will the budget be posted in the Gazette tomorrow?

MZ: I think it will be.

Member: if the rate is posted in the Gazette this weekend -there's a possibility that we could start making appts Mon or Tues???   Sure hope so

Member: Praying that Iraq's announcement is the starting gun!!!

Member: Hoping it’s true that Sudani is saying the dinar IS stronger than the dollar. I interesting verbiage now

Member: What is the significance of “June 9th”?

MZ: We are looking at it because Saudi Arabia did not renew its petro dollar deal with the US that was signed in 1974 It expires on June 9th. This means they can take any currency they want…not just deal in USD. They can take US or gold or yuan or ruble or yen…you name it.

Member: Mark I think this is the end of the petro dollar…and will possibly   cause instant disaster…. or a crash of the financial system

Member: I wonder what it's going to happen on June the 9th when the petrol dollar dies?

Member: I’m hoping this will frorce the RV to go to a gold backed/asset backed currency

Member: IMO RV could go at anytime. Don't get your heart set on a date. We just don't know for sure. It's looking good, though

MZ: I still very much think it will all go at once.

Member: Debt Clock showing 0 under national debt. Just absolutely wild.

MZ: Don’t read too much into that….they post from other sites and are a privately owned site.  But they really do a good job.

Member:  my local bank is closed on Juneteenth whatever that is?

Member: Skye Prince posted a new YT last night. Med Beds will be released when the notifications come out!!!!

MZ: I hope she is right.

Member: There are many more countries trying to join BRICS right now.

Member” I wonder if Iraq will be joining them as well….makes sense to me.

MZ:  There are some new articles that (I think) have everything to do with the revaluation in the world and a asset backed currency.  “Gold Rush: Long lines to purchase bullion in Vietnam”  

MZ: The world is preparing…the people of the world are preparing  for tumultuous times. Its like in the fall when the squirrels and chipmonks are preparing for a long winter. Really loading up on nuts…People are similar to the animals in the woods. They are preparing….people know things are not sustainable the way they are .

MZ: I know so many people are freaking out about the changes at Dinar Recaps. People who want to pay a little extra will get the news an hour or two before the free side…with no ads…..but everyone will still get the news on the free side ..just a little later than you are used too.  It is still free to use –if you don’t mind a extra wait. They still send the newsletters.

MZ: Because of demonetization of ads…Recaps had to do this to keep the lights on until the RV. They want to keep their site up. I support them needing to keep the lights on. Without them there would be so much worse information floating around dinarland.

MZ: They have stated there will be no delays getting notifications….It will immediately be posted on Recaps – both the paid and the free side at the same time. …..so don’t worry about that.

Member: It will also be posted all over the other dinar sites and the intel providers sites like Frank, Bruce, Mark, TNT ect……we wont miss it …imo

Member: Hoefully we will get that notice to exchange very soon and the changes at recaps will not matter to any of us…lol…I am sure they are wanting the RV as badly as the rest of us do.

Mod:  BREAKING NEWS: ESPECIALLY THIS ONE, MarkZ's WEEKEND email address: Don't Write Me@NeverOnWEEKENDS.Com

Mod: THERE WILL BE NO PODCAST TOMORROW MORNING AS MARK WILL BE TRAVELING!!

MZ: Will be in Florida at Cape Canaveral this weekend at the “Quantum Summit”  https://www.quantumsummit1776.com/

Member: Enjoy the weekend Mark! if want a recorded version is ok…….have a great weekend! safe travels

Member: MarkZ thanks for all you do for the community!!

The CBD guru’s join the stream today as there is no podcast on Saturday this week. Please listen to the replay for all of their information.

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz

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Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

MARK’S TELEGRAM ROOM FOR WORLD NEWS EVENTS & CHAT? LINK: https://t.me/TrollingNews_telegram

THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary, medical opinions or many guests on this stream……just RV/currency related topics.

Twitch:   https://www.twitch.tv/theoriginalmarkz

Youtube:     https://www.youtube.com/watch?v=FFh1PbdaoSU